Chountis Questions Eurozone Chief’s Standing

Nikos Chountis, a Member of the European Parliament from Greece's major opposition Coalition of the Radical Left (SYRIZA) challenged the competency of Eurozone chief ...

Greece ’s Eurobank Posts EUR 40 mln Loss in Romania in 2013

Greek lender Eurobank, the majority shareholder in Romanian bank Bancpost, recorded a loss of EUR 40.2 million in Romania in 2013, according to the...

Bloomberg: The European Debt Crisis (Video)

The news agency Bloomberg with a short animated film, explains the reasons that led to the economic crisis outburst in Eurozone with disastrous consequences...

Bundesbank Chief Dismisses Speculation over New Greek Haircut

Jens Weidman, chairman of the Bundesbank and board member of the European Central Bank (ECB), made it crystal clear that there is no possibility...

Sinn Sees Greece, Cyprus Leaving Euro

The German economist and President of the Ifo Institute for Economic Research in Munich, Hans-Werner Sinn, spoke in favor of a temporary exit from...

Barroso Tells Anastasiades: No More Money

European Commission President Jose Manuel Barroso has written Cypriot President Nicos Anastasiades that the island's beleaguered government won't be getting any more financial aid...

ECB’s Asmussen Presses Cyprus Deal

A European Central Bank (ECB) Executive Board member, Jorg Asmussen, said it's critical for the stability of the Eurozone to finalize a bailout deal...

Debt Haircut is Part of Greece’s Problem

The restructuring of the Greek debt is not part of the solution but rather part of Greece’s problem, Holger Schmieding, German economist and the...

Germans Say Greeks, Cypriots Hide Riches

Der Spiegel’s front-page of April 15 had the provocative title, The poverty lie. How the countries in crisis cover up their riches, showing on...

Greeks Invest in Albania

According to the Greek Embassy in Tirana, Greece ranked first in Foreign Direct Investment stock. According to statistics acquired from the Central Bank of Albania,...